Avery Dennison Corporation $AVY Stock Holdings Increased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC grew its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 3,188.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,418 shares of the industrial products company’s stock after acquiring an additional 13,010 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Avery Dennison were worth $2,196,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Resources Management Corp CT ADV lifted its holdings in Avery Dennison by 0.8% in the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after purchasing an additional 62 shares during the period. Bill Few Associates Inc. raised its position in shares of Avery Dennison by 0.5% during the 2nd quarter. Bill Few Associates Inc. now owns 13,341 shares of the industrial products company’s stock worth $2,341,000 after buying an additional 67 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Avery Dennison by 0.3% in the 3rd quarter. Arizona State Retirement System now owns 23,151 shares of the industrial products company’s stock worth $3,754,000 after acquiring an additional 71 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Avery Dennison by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,547 shares of the industrial products company’s stock valued at $798,000 after acquiring an additional 79 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its stake in shares of Avery Dennison by 89.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 80 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Trading Up 0.8%

Shares of NYSE AVY opened at $186.97 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $190.45. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 3.12 and a beta of 1.00. The business has a fifty day simple moving average of $181.88 and a 200-day simple moving average of $174.05.

Analyst Upgrades and Downgrades

AVY has been the subject of a number of research analyst reports. UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and upped their target price for the stock from $181.00 to $218.00 in a research report on Thursday, October 23rd. Truist Financial upped their price objective on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Argus set a $200.00 target price on Avery Dennison in a report on Tuesday, October 28th. BMO Capital Markets reissued an “outperform” rating and issued a $210.00 price target on shares of Avery Dennison in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $182.00 to $195.00 in a research note on Thursday, October 23rd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus price target of $204.36.

Avery Dennison Company Profile

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.